Irish Wave-Energy Technology Developer Wavebob in Funding Round

Lock
This article is for subscribers only.

Wavebob Ltd., the Irish technology company seeking to harness the power of the ocean to produce clean energy, is seeking to raise 10 million euros ($13 million) by the end of March.

“We brought in a new investor before Christmas and are now in a funding round,” Chief Executive Officer Andrew Parish said in a telephone interview. “We are currently in due diligence with two strategic investors and also the financial community.”